New debit cards aim to take the inconvenience out of giving money to your kids.
It's the night before a school field trip, and your son or daughter suddenly remembers they need cash for the next day. That problem led Sheehan to co-found a company, Greenlight Financial Technology, to help make debit cards accessible to parents and their children. Admittedly, it's not the only business aiming to disrupt this market. Companies from GoHenry to American Express are working to put debit cards in the hands of minors.How Greenlight's debit cards workFamilies including parents and up to five children pay $4.99 per month.
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